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Cap interest rates

Submitted on Wednesday 4th December 2013

Published on Thursday 5th December 2013

Current status: Closed

Closed: Friday 5th December 2014

Signatures: 6

Petition Action

Cap interest rates

Additional Information

Excessive interest rates are destroying young people, families and society. It is time that a reasonable cap was placed on interest rates.

Every loan offer should also have a common example for calculation, based on £100/£1,000 or £10,000 owed for 1 year, to demonstrate the real cost on any interest rate in simple terms.


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